EUR_JPY SUPPORT AHEAD|LONG|
✅EUR_JPY is going down now
But a strong support level is ahead at 155.200
Thus I am expecting a rebound
And a move up towards the target at 157.500
LONG🚀
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EURJPY trade ideas
EURJPY Long - Excellent RRSharing EURJPY Long with excellent 3RR.
Tp1 160.500
Tp2 167.798
Tp extended 169.700
Best wishes for this trade. Share your views in comments when you hit your tps.
And dont trade without a STOP LOSS
EURJPYhello trader, the price has reached main support level, the price will likely reverse from here, and this time it can break through trend line resistance.. no confirmation yet, wait for BOS or engulfing candle then set your stop loss below support..
good luck
EUR/JPY - Bullish Rejection from Key Support📈 Trade Idea: Long EUR/JPY
Analysis:
Price aggressively rejected the downside with a long wick, indicating strong buyer interest at a key support level. This suggests a liquidity grab, where price swept lows before pushing back up. A potential bullish reversal could be in play, targeting the next resistance zone.
Trade Plan (Based on Chart Setup):
🔹 Entry: 156.991 (Rejection from support)
🔹 Stop Loss: 156.846 (Below recent low, invalidates bullish bias)
🔹 Take Profit: 157.281 (Fixed at 2R)
Risk/Reward:
✅ Stop Loss: ~15 pips
✅ Take Profit: ~30 pips
✅ Risk-Reward Ratio: 1:2
Why this trade?
✔️ Liquidity grab below previous lows
✔️ Strong bullish rejection at key demand zone
✔️ Potential reversal targeting previous resistance
📌 Looking for price to maintain above 156.50 to sustain bullish momentum.
EUR/JPY Buy from Pivot LineEntry:
Buy at Pivot Point (P) – 158.805
Stop Loss:
Below support level S1 – 158.023
Take Profit:
Near resistance level R1 – 161.561
Rationale:
Price is currently testing the pivot level, a common area for a bounce.
If the price holds above the pivot, it suggests bullish momentum.
Aiming for the next resistance level (R1) as a profit target.
Tight stop below S1 ensures minimal loss if the price breaks lower.
Risk-to-Reward Ratio:
Approx. 1:3, making it a favorable setup.
Extra Confirmation:
Look for bullish candlestick patterns or price rejection at the pivot level.
Monitor volume increase to support the upward move.
EURJPY → Consolidation before further declineEURJPY is forming a downtrend. The price is bouncing off the channel resistance and has approached strong support, the breakout of which may trigger further decline
Global EURJPY is in a neutral trend, but locally, due to economic nuances, the euro is weakening against the Japanese yen
There are two key zones on the chart - resistance at 159.112 against which a false breakdown can be formed before the price continues its decline. And support at 158.45 - support of the pre-breakdown consolidation and at the same time a strong level, the break of which will open the way to 156.29.
Resistance levels: 159.11, 160.16, 160.9
Support levels: 156.29
Technically, the situation is weak and hints that in the short term the bears could overcome the key support, which could trigger a bearish momentum
Regards R. Linda!
eurjpy. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Bearish drop?EUR/JPY has broken out of the pivot and could drop to the 1st support which acts as a pullback support.
Pivot: 157.19
1st Support: 155.60
1st Resistance: 158.37
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
IDEA EURJPY SHORT POSITION Hi Traders
Pair: EURJPY
📈 Position: SHORT (SELL)
✅ Entry: 158.800
🔺 SL: 159.150 (-35 pips )
🎯 Take Profits:
• TP 1: 158.450
• TP 2: 158.100
• TP 3: 157.750 Trailing SL)
eurjpy analysis. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURJPYEURJPY will likely drop into my demand structure where i expect 45min buy idea and if it pulls
Bearish drop off pullback resistance?EUR/JPY is rising towards the pivot which is a pullback resistance and could drop to the 61.8% Fibonacci support.
Pivot: 159.52
1st Support: 157.81
1st Resistance: 160.99
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURJPY BULLISH SHARKHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
Expecting bullish volatility from this bearish contractionSupported by the daily rejection block, we're looking for bullish opportunities because we have cleared the immediate swing high at 158.000. This sentiment indicates a strong bullish market.
Anticipating this corrective movement to reduce further and mitigate the breaker block at 157.350 to activate buyers for a volatile bullish move.
- Entry: 157.350
- Stop Loss: 156.550 (80 pips risk)
- Target: 161.350 (400 pips potential gain)
This trade setup suggests a bullish opportunity with a risk-reward ratio of 1:5.
EURJPYStrategy BBMA
Condition
Reentry H4
Action sell reentry price H4
T2 ema50 action
Sell topbb m15 or wait reject one candle
Expect target MA 5/10 low H1/H4
EURJPY SELL1.4h
2.dnt
3.resist
4.double top
5.
6.
7.fibext above
8.fibretrace above
9.
10.
11.
12.bearish divergence
13.bearish harami
14.exp below
1.2h
2.dnt
3.resist
4.double top
5.
6.
7.fibext above
8.fibretraceabove
9.
10.
11.
12. bearish divergence
13.evening star /bearish harami/
14..exp
EURJPYEURJPY just changed its market direction to Buys, so im selling this market because after every BMS/BOS/Resistence has been broken the market needs to re-test before shooting up again.
eurjpy buy tradeThe Relative Strength Index (RSI) is showing an upward trend, indicating increasing momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further supporting the potential for an upward move.
Falling towards 61.8% Fibonacci support?EUR/JPY is falling towards the pivot which has been identified as a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce to the pullback resistance.
Pivot: 157.97
1st Support: 156.57
1st Resistance: 159.48
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop off overlap resistance?EUR/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 159.53
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 160.24
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement.
Take profit: 157.97
Why we like it:
There is a pullback support level that is slightly below the 61.8% Fibonacci retracement.
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